Ways of Giving
Gifts Of Cash
A cash gift is an easy way to make a donation and
can be made in a few different ways.
Donation: A secure credit card donation can be made
on-line by going to the Spencer Theater’s home page at
www.spencertheater.com and clicking on the “Make a
2. Send a Check: If you prefer to
send a cash donation, please mail your check, payable to
“Spencer Theater for the Performing Arts”, to 108
Spencer Road, Alto, NM 88312.
A wonderful way of
honoring a special person, loved one or organization is
with a gift that allows you to publicly recognize them
by having their name published in our newsletter. Facets
is published monthly and distributed to our
contributors. An acknowledgement of your gift can be
sent both to you and the honoree or family of a deceased
Whichever method you choose to make
your gift, you will receive a written acknowledgement
for your donation. You are entitled to an income tax
deduction for the gift in the year in which it is made.
Please consult your financial advisor as to how the
rules apply to you.
CREATE A NAMED
You can create an endowment
for children’s theatre, artists in residence,
performances by area colleges and universities, or a
summer academy for grades K through 12 of fine and
performing arts by making a donation of cash or
You can also have an area of the
Spencer Theater named to commemorate a donor or serve as
a lasting legacy to a special person or organization.
Please contact our Executive Director Charles Centilli
at (575) 336-0011 (firstname.lastname@example.org)
for more details.
GIFTS OF SECURITIES AND
gift to the Spencer Theater of stock, securities, or
other appreciated assets, you may be able to gain
additional tax advantages. You can avoid the potential
capital gains tax liability that would result from the
sale and be entitled to an income tax deduction for your
With securities or other assets that have
declined in value, it may be advantageous to sell them
and donate the proceeds to the Spencer Theater. The loss
could be used to offset other capital gains and some
ordinary income, thereby avoiding tax.
wish to transfer stock to the Spencer Theater, we can
provide you with an Endowment Stock Donation Form in
advance of the transfer. Simply give your broker the
form and tell him/her that you would like to make a
stock gift to the Spencer Theater.
Your gift will
be acknowledged for income tax purposes. Of course, you
should consult with your financial advisor as to how the
above applies to your personal tax situation.
A meaningful gift
to the Theater Endowment can be made with a planned or
deferred gift that the Spencer Theater would receive
after your death. This type of gift is made through your
will or trust instrument and includes gifts of life
insurance proceeds, charitable gift annuities or
The benefits of planned giving
can include estate tax savings, income tax deductions
and capital gains tax consideration. Gifts of this type
can protect your assets, while providing benefits to
your heirs and possibly increasing your annual income.
Your attorney or financial advisor can advise you
which type of gift is the most beneficial for your
Another way to make a gift to the Spencer Theater is
by including a bequest in your will or trust instrument.
The following is an example of the language you could
add to your will or trust:
I hereby give, devise
and bequeath to the Spencer Theater for the Performing
Arts, a 501(c)(3) nonprofit corporation organized and
operating under the laws of the State of New Mexico,
located at 108 Spencer Road, Alto, NM 88312, the sum of
$_________ (or ________ percent of the rest, residue and
remainder of my estate) to be used for the general
purposes of the organization.
A bequest can help
reduce the size of your taxable estate and also qualify
for an estate tax charitable deduction as well as
assisting the Spencer Theater.
There are several benefits to
donating a life insurance policy:
paid-up policy. You may find you no longer need your
life insurance policy because your financial
circumstances have changed or you no longer have
dependents. By naming the Spencer Theater as the
beneficiary and/or transferring ownership of the policy
to the Spencer Theater, you can claim a charitable
income tax deduction that is almost equal to the
policy’s cash value.
Donate a policy on which you
are still paying premiums. Your charitable deduction is
about equal to the cash value and future premium
payments on the policy.
Assign the dividends to
the Spencer Theater. By assigning the policy dividends,
the value of the dividends becomes an annual donation,
which is also tax deductible.
Creating a Charitable
Remainder Trust (“CRT”) can give you or a beneficiary an
income either for life or a set number of years. The
remainder or principal of the trust would go to the
Spencer Theater at the end of the trust term.
Selling assets that have appreciated significantly can
create serious capital gains tax obligations, but a CRT
may be able to eliminate them entirely. You can also
claim an income tax deduction for the present value of
the gift, thereby reducing your current income tax
obligations. In addition, a CRT can provide an income
for you or another beneficiary for life and can
eliminate or reduce some probate expenses for the
administration of your estate after your death.
The Pension Protection Act of 2006 allows for
tax-free distributions to non-profit charitable
organizations from Individual Retirement Accounts
(“IRA”). An IRA participant, aged 70 1/2, can donate
$100,000 for calendar year 2006 and $100,000 for
calendar year 2007 from an IRA account tax-free to
qualifying charitable organizations. The Spencer Theater
is a qualifying non-profit charitable organization and
would welcome your IRA distribution.
you should consult with your financial advisor to review
your IRA rollover options and what is most prudent for
your personal situation.
For more information on
gifts to the Spencer Theater for the Performing Arts
please contact our Executive Director Charles Centilli
at (575) 336-0011 (email@example.com).
Spencer Theater for the Performing Arts, 108 Spencer Rd,
Alto, NM 88312.